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Ford’s Formula 1 return builds momentum and results

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F1: Lotus expects reduced financial losses

Formula 1

F1: Lotus expects reduced financial losses

By alley - Sep 16, 2014, 10:30 AM ET

The Lotus Formula 1 team claims it will post dramatically reduced losses when its accounts are published in the coming weeks.According to accounts lodged by Lotus F1 at Companies House, the team made losses of $105 million during 2013 and $90m in 2012. But substantial cuts in expenditure, driven by...

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